New York - US stock indices made gains Wednesday after government figures showed demand is rising for long-lasting goods and housing.
Durable goods orders increased 3.4 per cent in February, and purchases of new homes jumped 4.7 per cent, adding to a spate of slightly more positive economic news coming out of the United States in the last week.
The blue-chip Dow Jones Industrial Average rose 89.84 points, or 1.17 per cent, to 7,749.81, rallying during the final hour from a more than 100-point drop earlier in the afternoon.